Business and Entrepreneurship Multiple Choice Questions
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Questions and Answers

What is the term for when two or more companies form an alliance to pursue a specific project?

  • Partnerships
  • Cooperatives
  • Franchises
  • Joint ventures (correct)

    • What is the primary purpose of a feasibility analysis?

  • To create a marketing strategy
  • To create a business strategy
  • To develop a business plan
  • To determine the viability of a business idea (correct)

    • What is a major drawback of entrepreneurship?

  • Predictable income
  • Long hours and hard work (correct)
  • Unstable business life
  • Stable business life

    • What is the term for the ability to create new and useful ideas that solve problems and challenges people face every day?

    <p>Creativity</p> Signup and view all the answers

    What is a disadvantage of a Limited Liability company?

    <p>Double taxation of profits</p> Signup and view all the answers

    What is the term for when one corporation purchases another corporation or investment group?

    <p>Acquisition</p> Signup and view all the answers

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